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Understanding Corporate Tax in the UAE
As of June 2023, the UAE introduced a Corporate Tax (CT) regime, which applies to most businesses operating within the country. The introduction of corporate tax is part of the UAE's commitment to diversifying its revenue sources and aligning with international tax practices.
OUR SERVICES
Our Corporate Tax Services Include
Corporate Tax Registration
We manage the entire registration process, ensuring your business is fully compliant with UAE tax laws.
Tax Filing & Reporting
We prepare and file your corporate tax returns, ensuring accuracy and adherence to FTA deadlines.
Tax Advisory & Compliance
We provide ongoing advice on corporate tax regulations, helping your business navigate any changes and maximize tax efficiencies.
Tax Planning
Our experts work with you to identify strategies that can legally minimize your corporate tax burden, allowing you to focus on growing your business.
Key Highlights of Corporate Tax in the UAE
Corporate Tax Rate
The UAE corporate tax rate is set at 9% on taxable profits exceeding AED 375,000. Income below this threshold is tax-free.
Tax-Exempt Entities
Certain businesses such as government entities, investment funds, and extractive industries are exempt from corporate tax under specific conditions.
Free Zone Businesses
Free zone businesses can benefit from zero taxation on qualifying income, but must comply with corporate tax regulations for non-qualifying income.
Tax Grouping
The UAE allows for tax grouping, where parent companies and subsidiaries can consolidate profits and losses.
Corporate Tax Registration and Filing Process
To ensure compliance with the UAE's new corporate tax laws, businesses need to undergo the following steps:
Corporate Tax Services
Corporate Tax Registration
All businesses operating in the UAE must register for corporate tax with the Federal Tax Authority (FTA).
The registration process involves:
The registration process involves:
- Gathering Required Documents: Businesses must submit relevant documentation, including trade licenses, financial statements, and business activity details.
- Filing for Registration: We handle the entire registration process for you, ensuring that your business is registered accurately and on time to avoid penalties.
Corporate Tax Filing
Once registered, businesses must submit an annual corporate tax return, which includes detailed financial reports and tax calculations. We assist in:
- Annual Filing Requirement: Businesses are required to file their corporate tax returns annually, declaring their taxable income and calculating their due taxes.
- Tax Return Preparation: We assist in preparing your corporate tax return, ensuring compliance with UAE tax laws and maximizing any allowable deductions..
- Timely Submission: We ensure that your tax return is filed on time with the FTA to avoid penalties for late submissions.
Why Us
Why Choose Us for Corporate Tax Services?
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End-to-End Corporate Tax Solutions
We provide comprehensive corporate tax services, from registration to filing and compliance.
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Expert Tax Advice
Our team of experts stays updated on the latest corporate tax regulations and provides tailored advice to help you minimize your tax liabilities.
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Accurate and Timely Filing
We ensure your corporate tax returns are prepared accurately and filed on time to avoid penalties.
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Proactive Tax Planning
We help you identify strategies to optimize your tax position and minimize your tax burden.
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Dedicated Client Support
Our team is committed to providing personalized support and guidance throughout the entire corporate tax process.
Contact us now
Contact Us for Corporate Tax Services
Whether you’re looking to register for corporate tax or need expert assistance with tax filings, our team at Audits & Beyond Chartered Accountants is here to help.
Contact us today to learn more about how we can support your corporate tax needs and ensure compliance with UAE laws.
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